Gov’t targets $500m ‘one-time tax boost’
The Ministry of Finance last night said it is targeting a “one-time $500m revenue boost” from a limited menu of enforcement and compliance initiatives while pledging to minimise any increase in the tax burden faced by Bahamians.
Taxi union chief threatens arbitrary 30% fare increase
The Bahamas Taxi Cab Union’s (BTCU) president yesterday threatened to tell his members to arbitrarily raise their fares by 30 percent despite not having obtained government or Parliament’s approval for such a move.
Cruise port targeting $40m yearly revenue
Nassau Cruise Port will generate up to $40m in annual operating revenues from 2023 onwards, it has been revealed, with next year’s passenger volumes forecast to hit a record high by breaching the four million mark.
Lyford Cay developer says project fits with community’s vision
A controversial potential Lyford Cay developer hits back at the objections to their 72 unit quartet of nine-storey condominiums in the heart of the gated enclave.
Cooper: We’re going the right way with agriculture
The Deputy Prime Minister said the country is “moving in the right direction” on sustainable and climate smart agriculture.
Customers warned on rising costs on construction projects
Not only are the price of construction materials “through the roof” but contractors have to tell their customers there are “escalating costs” that must be recovered on all projects.
CIBC closing Palmdale branch
CIBC FirstCaribbean has announced that its Palmdale branch will close permanently on August 31, 2022.
Tough Times for Britain
ActivTrades
During the second quarter of 2022, the United Kingdom’s GDP dropped by 0.1%, confirming the gloomy expectations of analysts, with the pace of the contraction expected to accelerate in the runup to the end of the year. Meanwhile, June’s inflation exceeded 10% for the first time since February 1982, while wage growth was limited to 5.1%. A significant drop in buying power for British families, driving an increase in poverty.
‘Nothing wrong’ in meeting with planning applicants over Lyford Cay scheme
The Town Planning Committee chairman says there was nothing wrong with meeting a potential applicant to the committee prior to them making an application.
Camp gives glimpse of maritime industry
DISNEY has been giving Bahamian youngsters the chance to dip their toe into the maritime industry this summer.
ArawakX: No deep analysis of foot crowdfund success
A Bahamian crowd-funding platform is “still learning the market” on a capital raise that has outpaced the next closest listing by 232 percent with 75 days left in its raise process.
Where are the treasures rescued from lost galleon?
The press secretary for the Office of the Prime Minister, Clint Watson, says the government’s portion of the treasure recovered from the Spanish galleon Nuestra Senora de la Maravillas is at the Central Bank and will not be open for viewing by the general public for security reasons.
‘Too many taxi plates will hurt elderly’ warns union chief
The Bahamas Taxi Cab Union (BTCU) president says the elderly are suffering due to the 200 percent increase in the government’s taxi plate giveaway and many will “cry out” this coming September.
Abaco poultry farm may aim to launch $150k hatchery
An Abaco poultry farm needs just $150,000 to start their own hatchery in efforts to beat supply chain woes.
‘Moving services online is the right way to go’
Information technology professionals have hailed the government’s efforts to provide grant funding for digital innovators for public sector efficiency.
